Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. FBR's annualizedNet Income for the quarter that ended in Mar. 2017 was $5.1 Mil. FBR's average total tangible assets for the quarter that ended in Mar. 2017 was $1,041.2 Mil. Therefore, FBR's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2017 was 0.49%.
The historical rank and industry rank for FBR's Return-on-Tangible-Asset or its related term are showing as below:
FBRC's Return-on-Tangible-Asset is not ranked *
in the Capital Markets industry.
Industry Median: 1.41 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
FBR Return-on-Tangible-Asset Historical Data
The historical data trend for FBR's Return-on-Tangible-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of FBR's Return-on-Tangible-Asset
For the Capital Markets subindustry, FBR's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
FBR's Return-on-Tangible-Asset Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, FBR's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where FBR's Return-on-Tangible-Asset falls into.
FBR Return-on-Tangible-Asset Calculation
FBR's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2016 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2017) net income data.
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
FBR Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of FBR's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
FBR & Co is a full-service investment banking, institutional brokerage and asset management firm with a customer-focused and new approach to meeting its clients' needs. In addition, it makes main investments, including merchant banking investments, with its own capital. The Company has focused its business on providing: capital raising services, including underwriting and placement of public and private equity and debt; financial advisory services, including merger and acquisition advisory, restructuring, recapitalization and strategic alternative analysis; institutional sales and trading services; research coverage; asset management services through a group of proprietary mutual funds, hedge funds and funds of funds; private wealth management services to high net worth individuals, families, foundations, pension funds, endowments and other private entities; and proprietary investment returns to its shareholders through merchant banking and other direct investments that it makes utilizing its own capital. The Company focuses its capital markets business in seven industry sectors: consumer, diversified industrials, energy and natural resources, financial institutions, insurance, real estate, and technology, media and telecommunications. Its business comprises of two segments: capital markets, which includes investment banking, institutional brokerage and research; and principal investing.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
FBRC has been successfully added to your 